EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Eurusdanalysis
EURUSD Multi Timeframe Analysis 18.10.202415m Swing, Internal and Fractal Bearish and we are now testing fractal supply. We might get a bearish momentum to kick in from here or price could target deeper levels to mitigate premium supply zone
For shorts it makes sense to follow Bearish order flow.
For longs ideal to wait 4H Internal ( or 15m Swing ) to shift bullish
I have already mentioned couple of times that we could get fake breaks as we are in unmitigated daily demand range now and we already had fake bullish 4H ChoCHs. This could be to target unmitigated supply zones. Wait for strong bullish momentum to play longs.
DeGRAM | EURUSD the chart formed a batEURUSD is moving under the descending channel, above the trend line.
The chart has formed a harmonic reversal bullish bat pattern.
The price has already reached the trend line and approached the correction level.
We expect a rebound after consolidation above the nearest mirror resistance level.
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EURUSD Multi Timeframe Analysis 17.10.202415m Swing, Internal and Fractal Bearish
Recent supply that price currently testing is the strongest range to hold the price imo. The one placed between 1.08592-1,08622 is very likely to fail, thats why I have not mentioned on the chart
We now have mitigated the extreme Daily Demand range and we likely get a bullish reaction but we might get couple of fake breaks in low time frames before price pushes up. Ideally wait for 4H Internal Structure to shift bullish
I will look for quick 15m setups ( buy / sell ) if I see any and publish here as update as I have done before
EURUSD Multi Timeframe Analysis 16.10.202415m Swing Bearish Internal and Fractal Bullish
Price recently swept Asia High so we might see bearish momentum to continue
If you would like to look for longs after sweeping old daily low ( 1.08814 ) and follow 15m internal bullish order flow, demand marked on the chart. But waiting for a 15m candle closure above 15m Swing Strong to make sure that the swing structure switched to Bullish is ideal.
We have now 4H bullish ChoCH after sweeping the low, indicates that 4H pullback might be started.
DeGRAM | EURUSD rebound from supportEURUSD is moving in a descending channel between trend lines.
The price has already reached the lower boundary of the channel and is now above the support, which has already acted as a rebound point.
We expect a rise after consolidation above the support.
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EURUSD Multi Timeframe Analysis 15.10.202415m Swing and Internal Bearish aligned with 4H
We have now mitigated 4H Demand nested in Daily Demand that I have mentioned on earlier analysis
Ideal 15m supply ranges to look for shorts marked on the chart to follow the bearish order flow
To look for longs, that minimal 15m structure is now bullish and have created a demand zone to play quick longs. But ideally wait for 15m Internal Structure to shift bullish, that possibly be 4H Fractal to switch bullish, to play longs
EUR/USD buyers could be lurking around the 200-day SMAThe euro has already seen a decent selloff heading into Thursday's ECB meeting, where expectations for them to cut by 25bp are high. And that runs the risk that that the cut is already priced in, and could leave the euro susceptible to a bounce if a dovish tone (hint of further cuts) are not also delivered.
Prices are trying to hold around the 1.09, near the 200-day EMA and monthly S2 pivot point. We have inflation data from Europe up shortly, and if that comes in soft then perhaps we'll see another low. But given the size of the selloff already seen, I suspect buyers could be lurking around the 200-day SMA and a countertrend bounce to 1.0950 at a minimum could be due.
MS.
EURUSD Multi Timeframe Analysis 14.10.202415m Swing and Internal Bearish aligned with 4H
We have mitigated the Daily Demand but a deeper mitigation is still possible
Two unmitigated supply zones to look for confirmation shorts are market on the chart
We are ranging in the CPI 15m candle from Friday, so both sides might get swept
Shorts still more probable until we get at least a bullish 4H reaction to say that Daily demand holds and we target upper levels
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD Multi Timeframe Analysis 11.10.202415m Swing Bearish Internal Bullish
The lows that I mentioned on my previous 4H chart have been swept and we got a strong bullish reaction after deeper mitigation in daily demand
There is no clear supply above and a lot of liquidity left behind.
Once ( if ) price sweeps the 15m Swing high, we will then have 4H bullish ChoCH that might indicate 4H pullback have started
PPI today at 13:30 UK time
DeGRAM | EURUSD testing the channelEURUSD is moving in a descending channel under the trend lines.
The price is testing the lower boundary of the channel.
The chart maintains the descending structure.
We believe that the pair may rebound in case of consolidation in the channel.
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EURUSD Multi Timeframe Analysis 10.10.202415m Swing and Internal Bearish aligned with 4H structure
Finally we have mitigated the 4H demand nested in Daily demand. Also Daily SSLQ is taken. We might see bullish momentum to kick in but ideally wait for 15m internal structure to switch bullish . Or 4H bullish ChoCh in this 4H / Daily demand zone.
EURUSD Multi Timeframe Analysis 09.10.202415m Swing and Internal Bearish
We have mitigated 15m Swing EQ ( Price still might go higher )
Shorts are more probable as 15m Swing and Internal structures are aligned
Longs, Internal bearish break of structure might be fake break. But better to wait for internal structure switch to bullish first
EURUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Correction and rebound down EURUSD. H4 08.10.2024Correction and rebound down EURUSD
The euro has pushed down and formed a sellers zone at 1.1045-1.1085 from which I recommend to look for selling on the fall to the margin and option support at 1.0880. Also 1/2 margin zone falls into the sellers' zone and judging by the growing cumulative on the price drop, we will continue to fall after the pullback, so I do not change the priority. Keep in mind that within the medium term this is a general downward correction as the more global up trend continues.
OANDA:EURUSD
EURUSD Multi Timeframe Analysis 07.10.202415m Swing and Internal are Bearish
Price probably will target the 15m weak low from here and mitigate 4H demand below before we see a bullish momentum
For shorts you may follow bearish internal order flow
For longs ideally wait for 15m Internal Structure to turn bullish
EUR/USD Buys from 1.09400 back upEU's market structure is currently very similar to other setups I'm watching. After a bearish run over the past week, I expect price to slow down as it approaches the key 7-hour demand zone I’ve marked out. Once price sweeps the liquidity at the equal highs (EQHs), I’ll be watching for accumulation on the lower time frames (LTF) before a potential mitigation of the 7-hour demand zone.
If price doesn’t reach this demand and instead pushes up to mitigate a supply zone like the 15-hour or 5-hour above, I’ll shift my focus to selling in line with the bearish trend. For now, I’m waiting to see how the market behaves at the open to decide on the next move.
Confluences for EU Buys:
- The 7-hour demand zone has triggered a CHOCH to the upside.
- There are major imbalances and liquidity above that need to be filled.
- For price to retrace to the supply zone, it will need to move upward.
- The US Dollar Index (DXY) is sitting in a strong supply zone, which could trigger a dollar drop and support bullish momentum for EU.
Note: If price breaks through the demand zone, it will also break more significant structure to the downside, confirming a long-term bearish outlook for EU.
Slight Bearish Bias Driven by Key Fundamentals on EURUSDEURUSD Analysis for 04/10/2024: Slight Bearish Bias Driven by Key Fundamentals
On October 4, 2024, the EURUSD currency pair demonstrated a slightly bearish bias, driven by a mix of fundamental factors and market conditions that traders and investors should consider. Below is a breakdown of the key elements that contributed to the downward pressure on the pair:
1. Stronger US Dollar Supported by Economic Data
One of the primary drivers behind the bearish momentum in EURUSD was the strength of the US Dollar. On October 4, 2024, the U.S. released better-than-expected economic data, particularly in the areas of job growth and manufacturing output. These positive data points boosted investor confidence in the USD, further supported by hawkish remarks from Federal Reserve officials suggesting that interest rates may remain elevated for a prolonged period.
The robust performance of the U.S. economy reinforced expectations that the Federal Reserve could maintain its aggressive stance on monetary tightening, leading to an increase in demand for the USD. The stronger dollar naturally weighed on the EURUSD pair, pushing it into a bearish zone as the market priced in the possibility of further rate hikes.
2. Weaker Eurozone Inflation Data
On the European side, the euro faced pressure due to weaker-than-expected inflation data from key Eurozone countries. The latest CPI readings revealed that inflation in the Eurozone is slowing down, raising concerns that the European Central Bank (ECB) might be hesitant to pursue further rate hikes in the near future.
The ECB’s more dovish outlook, in contrast to the Fed’s hawkish stance, created a divergence in monetary policies between the Eurozone and the United States, contributing to the bearish sentiment in EURUSD. Traders speculated that the ECB would likely adopt a more cautious approach in order to support the slowing Eurozone economy, which weighed on the euro.
3. Geopolitical Tensions in Europe
Another factor contributing to the bearish bias in EURUSD on 04/10/2024 was the ongoing geopolitical uncertainty in Europe. Continued tensions surrounding energy supply issues in the region, exacerbated by political disagreements between key European countries and external suppliers, have caused instability in the euro. The energy crisis in Europe is making investors cautious, further eroding confidence in the euro.
4. Risk-Off Sentiment
Global markets were in a broader risk-off mode on October 4, 2024, as concerns about the global economic slowdown and geopolitical instability grew. Investors sought safe-haven assets, including the USD, while riskier assets like the euro faced downward pressure. The general risk-off environment encouraged selling in EURUSD, especially as global investors moved towards the more stable US dollar amidst uncertain global conditions.
Conclusion: EURUSD Outlook
The combination of a strong US dollar, slowing Eurozone inflation, divergent central bank policies, and geopolitical tensions in Europe contributed to the slight bearish bias seen in EURUSD on 04/10/2024. While the U.S. economy continues to show resilience, the Eurozone faces challenges, particularly in terms of inflation and geopolitical risks, further increasing the likelihood that EURUSD will continue to experience bearish pressures in the near term.
As a trader or investor analyzing EURUSD, it’s essential to monitor both U.S. and Eurozone economic data closely, as well as central bank communications, as these will play a critical role in determining the future direction of the pair. For those with a bearish outlook, short positions could be explored, while those expecting a reversal should stay alert to any signs of dovish shifts from the Federal Reserve or improvements in Eurozone inflation data.
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DeGRAM | EURUSD reduction in the channelEURUSD is moving in an ascending channel between the trend lines.
The price is above the 50% retracement level.
The chart has not yet reached the lower boundary of the channel.
We expect a rebound after a retest of the lower boundary of the channel.
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